Tamil Nadu (English Medium) Plus 1 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 ________ is a person or organization that produce goods or services for sale.

(A) Consumer	(B)Producer
(C)Seller	(D)Investor

Question-2 ________ involves collection and organizing of data.

(A) Economics	(B)Policies
(C)Statistics	(D)Variable

Question-3
Classification and _______ are the two methods that are used to condense the data.

(A) Forecasting	(B) Tabulation
(C) Estimation	(D) Sequential analysis

Question-4 The ________ is the one who consumes the goods and services produced.

(A) Producer	(B)Consumer
(C)Seller	(D)Distributor

Question-5 Resources have ________ uses.

(A) Limited	(B)Wants
(C)Alternative	(D)Scarce

Question-6 Manufacture of goods by produces for the market is

(A) Production	(B)Consumption
(C)Distribution	(D)Profit

Question-7 Statistics plays an important role in

(A) Economics	(B)Mathematics
(C)Physics	(D)All the above

Question-8
In statistics ; the first step is

(A) Diagrammatic and graphic representation	(B) Calculating various numerical data
(C) Collection and organization of data	(D) Analysis of data

Question-9 ________ is summarised by calculating various numerical indices such as mean , variance and standard deviation.

(A) Data	(B)Information
(C)Policy	(D)Distribution

Question-10 Division of the national income into wages, profits, rent and interest is

(A) Production	(B)Consumption
(C)Distribution	(D)Demand

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Plus 1 Commerce

Tamil Nadu (English Medium)

Practice in Related Chapters
Definition, Scope and Limitations